Rexel to Acquire GCG in $1.4 Billion Deal

French electrical products distributor Rexel SA (RXL.PA) agreed on Sept. 27, 2026, to acquire U.S.-based specialty wire and cable provider GCG from Audax Private Equity in a transaction valuing the business at approximately $1.4 billion. The deal expands Rexel's North American footprint in the specialty wire and cable segment, a market tied to electrical infrastructure and industrial demand. Audax Private Equity, which held GCG, exits through the sale. Terms beyond the disclosed enterprise value were not immediately detailed.